Fewer property transactions in early 2025, but inheritance transfers rise
Fewer property transactions in early 2025, but inheritance transfers rise
  Economy  |  Greece  |  Analysis  |  Residential

Fewer property transactions in early 2025, but inheritance transfers rise

Where the market fell, and where transfers increased.
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RE+D magazine
08.10.2025

A decrease of 4.62% was recorded in revenues from property transfer taxes (i.e., from real estate sales) during the period from January to July 2025, according to data from the Independent Authority for Public Revenue (AADE). The total revenue amounted to €367.43 million, compared to €385.23 million for the same period in 2024.

During the first four months of the year, revenues from real estate sales saw a significant decline — approximately 17.5% compared to the same period in 2024. However, the market began to recover during the summer months, with a notable rebound in the second quarter (May–July 2025). This period saw the start of transactions under the "My House 2" initiative, which resulted in a 12% increase in revenues compared to the same quarter of 2024.

In terms of transaction volume, more than 120,000 property transfer declarations were submitted through the myProperty platform of the Independent Authority for Public Revenue (AADE) from the beginning of the year until the end of July.

Additionally, it is worth noting that in the eight months (January–August), over 24,800 properties changed hands through sales, with a total value of €2.62 billion (as per the declarations in the contracts).

On the other hand, transfers of assets through parental gifts, donations, and inheritances showed an upward trend during the same period.

Specifically, the AADE’s revenue from parental gifts, donations, and inheritances during the seven-month period from January to July 2025 amounted to €152.02 million, compared to €136.97 million in the corresponding period of 2024, marking an increase of approximately 11%.

It should also be noted that, during this period, the AADE conducted strict audits on parental gifts and donations. More than 8,000 cases were deemed invalid or canceled because they did not meet the necessary conditions to qualify for the tax-free threshold of €800,000 (which has been in effect since October 2021).

These violations primarily involved cash transfers instead of bank transactions, fictitious donations, or chain transfers to individuals outside the first degree of kinship.

As for declarations, by July, approximately 60,000 declarations for parental property transfers and 38,000 declarations for donations had been submitted through the myProperty platform.